Latest Current Affairs For Sunday 9th October, 2022

Nitin Gadkari inaugurate Indian Roads Congress in Lucknow

Uttar Pradesh is hosting 81st 'Indian Road Congress' in Lucknow from 8th to 11th October 2022 and more than 1,500 delegates are attending the event.

It will discuss modern techniques in road construction, and it will have many sessions regarding it.

Union Minister, Nitin Gadkari along with UP CM Yogi Adityanath has jointly inaugurated 81st annual session of the Indian roads Congress in Lucknow.

Projects worth Rs 5 lakh crore rupees will start in Uttar Pradesh by 2024. 

First seminar of Agni Tattva campaign under LiFE mission held in Leh

The first conference of the Agni campaign was organized in Leh on the theme of ‘Sustainability and Culture’ under LiFE (Lifestyle for environment) mission. 

It is organized by Power Foundation of India in association with Vijnana Bharati (VIBHA). 

It witnessed participation from key stakeholders working in the areas of energy, culture, and sustainability.

Agni Tattva is an element that is synonymous with energy and is amongst the five elements of Panchmahabhoot.

Union Minister inaugurates Science Museum at Chamba, Himachal Pradesh

Union Minister for Science and Technology, Jitendra Singh has inaugurated Science Museum at Chamba in Himachal Pradesh. 

It is termed as ‘DBT-NIPGR-Pandit Jaiwant Ram Upmanyu Science Museum’. 

This state-of-art institution will inspire young children to discover their potentials and use their innovative skills to find a source of livelihood in later life.

It is set up by the National Institute of Plant Genome Research at Government Boys Senior Secondary School (GBSSS). 

DPIIT notifies establishment of Credit Guarantee Scheme for Startups

Department for Promotion of Industry and Internal Trade (DPIIT) under Ministry of Commerce has notified the establishment of Credit Guarantee Scheme for Startups (CGSS). 

It will provide credit guarantees to loans extended by Scheduled Commercial Banks, Non-Banking Financial Companies and Securities and Exchange Board of India (SEBI) registered Alternative Investment Funds (AIFs).

Credit guarantees cover under the Scheme would be transaction based and umbrella based.

First-ever Hero MotoCorp EV scooter, Vida V1 launched in India

Hero MotoCorp has wraped off their new electric scooter under the sub-brand, titled as ‘Vida’.

Hero Vida V1 is the first electric scooter of the brand, as it looks to catch up with newer firms who have taken the lead in the country's clean mobility push.

It was first launched at a starting price of Rs 1.45 lakh (ex-showroom) at Jaipur Centre and would be launched in New Delhi, and Bangalore.

It is available in two variants named Vida V1 Plus and Vida V1 Pro.

Ales Bialiatski awarded 2022 Nobel Peace Prize

Belarusian human rights advocate Ales Bialiatski, Russian human rights organization ‘Memorial’, and Ukrainian human rights organization 'Centre for Civil Liberties' have been jointly awarded 2022 Nobel Peace Prize.

This award was announced by the Norwegian Nobel Committee for promoting the right to criticize power and protecting the fundamental rights of citizens.

Apart from this, Chemistry, Physics, Physiology or Medicine and Literature has also been announced. 

Centre constitutes task force for monitoring Cheetah introduction project

Centre has constituted a 9-member task force for monitoring Cheetah introduction in Kuno National Park in Madhya Pradesh and other suitable designated areas.

National Tiger Conservation Authority (NTCA) will facilitate the working of Cheetah Task Force and render all necessary help.

The task force will include Principal Secretaries, Forests and Tourism of Madhya Pradesh, and Inspector General of NTCA, New Delhi Amit Mallick.

Tenure: 2 years.

Indian Air Force Day: 8th October

Indian Air Force Day is observed every year on 8th October.

Indian Air Force (IAF) was officially established on 8th October 1932, as an auxiliary air force of the British Empire which honoured India's aviation service during World War II with the prefix Royal.

First aircraft of IAF came into being on 1st April 1933 with six RAF-trained officers and 19 Havai Sepoys (air soldiers).

IAF is celebrating the 90th foundation day in 2022.

RBI to soon commence pilot launch of E-Rupee for specific use cases

RBI has released a Concept Note on Central Bank Digital Currency (CBDC) to create awareness about Digital Rupee.

This note explains the objectives, choices, benefits, and risks of issuing a digital currency in India.

It also discusses issues like technology and design choices, possible uses of the Digital Rupee, issuance mechanisms, and role of RBI in introduction of the CBDT.

RBI will soon commence the launch of Digital Rupee on a pilot basis for specific use.

Pooja Patel becomes first athlete to win Gold in Yogasana

Pooja Patel from Gujarat has become the first athlete to win gold in Yogasana at the 36th National Games. 

Yogasana: It is one of the five sports to be played at National Games 2022 for the 1st time. 

Indian indigenous sport, Yoga made its debut at the Khelo India University Games earlier this year.

Apart from this, Maharashtra won gold in women’s diving 1-meter springboard event. 

36th National Games will be held in Ahmedabad, Gandhinagar, Surat, Vadodara, Rajkot, Bhavnagar. 

PM Narendra Modi to be awarded prestigious Lokmanya Tilak Award 2023

The Tilak Smarak Mandir Trust (Hind Swaraj Sangh) would confer the prestigious Lokmanya Tilak National Award 2023 to Prime Minister Narendra Modi in Pune on August 1, 2023.

Reason: This award recognizes PM Modi's supreme leadership under which India has climbed the ladder of progress

It is presented annually on the occasion of Lokmanya Tilak's death anniversary.

Other awardees: Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh. 

J&K Bank wins award for Best Performance in CASA

Jammu & Kashmir Bank has been felicitated for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022.

The event was participated by banks from India, Nepal, Bhutan, Bangladesh, Sri Lanka & Myanmar.

The function was organized by the Indian Chamber of Commerce in Goa.

Indian Chamber of Commerce (ICC) is a non-governmental trade association and advocacy group headquartered in Calcutta.

India poised to become world’s 2nd-largest economy by 2075: Goldman Sachs

According to the Investment Bank Goldman Sachs, India is poised to become the world’s second-largest economy by 2075.

As per the report, India would cross Japan, Germany, and the US With a population of 1.4 billion people.

India’s GDP is estimated to expand remarkably, reaching 52.5 trillion dollars surpassing the US GDP projection.

The labour force participation set to make India the second-largest economy in the world by 2075.

L&T and Spain's Navantia sign agreement for submarine project

L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

P75 (India) Submarine Project is expected to be valued at €4.8 billion.

Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.

The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy. 

India overtakes China as most attractive emerging market for investing

According to a study by Invesco Global Sovereign Asset Management, India has overtaken China to become the most attractive emerging market for investing in sovereign wealth funds this year.

Reason: This is due to its solid demographics, political stability, and proactive regulation. 

Positives for the nation also include the rapidly expanding demography, strong regulatory actions, and a welcoming climate for sovereign investors.

World Population Day 2023: 11 July

World Population Day is observed every year on July 11 in order to raise awareness about global population issues, including population control.

2023 theme: Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities. 

It was established by the United Nations Development Programme (UNDP) in 1989, after the day the world approximately reached a population of five billion, which was observed on 11 July 1987.

MoHUA conducts SBM-U 2.0 Planning & Implementation Review-cum-Workshop

The Housing Ministry organized a review-cum-workshop to evaluate and accelerate the planning and implementation of the SBM-Urban 2.0.

PM Modi launched the 2.0 versions of SBM-U and AMRUT on October 1, 2021.

SBM-U 2.0: Achieving 100% waste segregation in all households and premises and 100% door-to-door collection of segregated waste from each. 

AMRUT 2.0: To provide complete coverage of water supply to all households and sewerage and septage in 500 AMRUT cities. 

Gujarat CM launches pilot project of ‘Antyodaya Shramik Suraksha Yojana’

Gujarat CM Bhupendra Patel launched the Antyodaya Shram Suraksha Accident Insurance Scheme from Kheda

All those registered under the e-Shram portal from Nadiad will benefit from the scheme.

It is being implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment.

Under this scheme, insurance with a premium of Rs. 289 and Rs. 499 per year will be a big support to workers in the event of death or partial disability.

OCA elects Sheikh Talal as the new President

Kuwait’s Sheikh Talal Fahad Al Ahmad Al Sabah has been elected as the new President of the Olympic Council of Asia (OCA).

He replaced his older brother Sheikh Ahmad Al-Fahad Al-Sabah, who led the OCA for 30 years until 2021.

The OCA was founded in 1982 by his father Fahad Al-Ahmed Al-Jaber Al-Sabah, who led it until 1990.

The Olympic Council of Asia (OCA) is a governing body of sports in Asia, currently with 45 member National Olympic Committees.

Bajaj Allianz Life Insurance wins Insurer Innovation Award 2023

Bajaj Allianz Life Insurance has won the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards, hosted by TDI - The Digital Insurer.

Recognition: Bajaj Allianz Life's ground-breaking WhatsApp Conversational Platform - empowering customers to digitally services their policies seamlessly. 

The award entries were shortlisted by industry experts and the winner was selected by the community through pre-voting and live event voting.